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will probably not get much applause today, but he will restore the american economy, secure america's place in the world and his own place in history. thank you for watching "memo to the president." if you have an idea for the president, join us in the conversation online on #obamamemo on twitter or cnn.com/fareed. you can see our regular show on sundays at 10:00 a.m. and 1:00 p.m. eastern. thank you for watching. >>> the toughest issues facing america, job, gun, health care, immigration, climate change and more. frankly, can both sides agree on anything? i'll talk to obama's campaign co-chair. >> we want stuff done. we want solutions. we don't need perfection. we need progress. >> we'll talk about his legacy. >> i think he can learn from the past and he's try to do that. >> and what obama needs to do for america. >> he's swinging big. swinging for the fences. >> second-term presidencies have been filled with misspent political capital. >> this is "piers morgan tonight." >>> good evening. america has great expectations for president obama and at the same time the country is divided on issue
term, given the state of the economy, given the fact that most americans think the country is going in the wrong direction. he's been given that lucky second chance. and he campaigned well. you have to give him that. what are his challenges in the second term? >> the first thing every president has to be careful of in a second term, as margaret alluded to is overreach. there's a period after you win. your first-term policies seem to have been validated, that you look at those results and you think you're all powerful. the famous example in recent history is george w. bush. in 2005, remember he came out and did that press conference and said he had political capital and meant to spend it and the first thing he tried to do was pass a plan to reform social security that was just destroyed by the democrats, and then katrina happened. and his presidency was over by the end of 2005, at least the second term. so, you know, i spent a lot of time reporting on this the last year, talking to white house people, and they were very acutely aware of the dangers hidden in a second term. and i thin
hours trading. that tells me that the economy is doing better. what is your take? >> i think the economy is more mixed. it seems to me, google hot today and obviously a great tech story and also an advertising tostory. friday, general electric. kind of told us that world economic expectations might be better. is the world better? >> i think it is possible that the eearnings are going to be better. if you look at the bottom of estimates, they were $114 for the s&p -- i'm sorry $120 they are coming down. we suspect they are going to continue to come down. we suspect the corporate earnings are going to come down. i want to add economic stuff to this. today, existing home sales 12.8% above a year ago. existing home sale prices plus 11%. that is progress it was falling at 4%. last week, manufacturing up, capitol goods up. are he ewe estimating the econo? >> clients are asking me about upside risk. nobody is asking about upside risk. i think the question is, is it in the price already. >> all related to the housing ready. for, the fed is easy. we all know the fed is easy because it has a feder
to revive the struggling economy. their economy has been hit by western sanctions over its nuclear program. president ahmadinejad. >> it is an election year. ahmadinejad used most of his time in parliament to defend his government post policies and to talk about how because of his government the country has advanced in just about every sector over the past eight years. but that is not what people wanted to hear. it wanted to hear about the economy and what he plans to do to fix it. in the past eight years, but prices have jumped on just about everything, but the value of the currency has dropped about 70%. the president blames international sanctions against iran's central bank and oil- based economy. he said sanctions are putting pressure on the people and that's what the enemy wants. >> they are against the constructive plans of the parliament, country, and the nation, but they make other excuses for their actions. they're just against iran pose the advancement and impairment. prezioso took shots at his critics and the wallpaper. he said part of the problem with the economy is that the w
and will likely hear tomorrow. >> the more things hope and change, the more they stay the same. >> our economy is badly weakened and health care is too costly and schools fail to many. these are the indications of crisis. a nagging fear that america's decline is inevitable and the next generation must lower its sights. >> the speech he could give word for word again right now because so little has changed. in that speech he talks about wanting to end two wars, too many people are out of work, reaching out to the muslim world, reforming our schools. there are all kinds of redundancies he can thought go back to. >> supporters including his most ardent factor, hold the view the second address will be fundamentally different from the first address, not because he is hemmed if by similarities between today and four januaries ago but because the nation is in a fundamentally different place. >> this economy was losing 800,000 jobs a month and a lot of folks wondered whether we were headed for another great depression. do you hear me? this is what he faced on day one as president. >> as you know, he t
and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. >>> for two-term presidents, their >>> for two-term presidents, their second inaugural is often a chance to outline the new visions and attempt to emphasize the successes of their first term with an eye towards shaping their place in history. throughout the past 226 years only 16 presidents have delivered two inaugural addresses. we put the speeches of the last three two-term presidents through a word cloud to see what themes they chose to emphasize. by looking at the words they used the most, we can get a sense of the legacies they wanted to leave. president reagan who at the first inaugural famously claimed that government wasn't the solution, but the problem aimed to underscore that principal by using the word government 16 times. >> that system has never failed us. but for a time, we failed the system. we asked things of government that governm
demonizing the banks. they've not destroyed the world's economy for over four years. the attacks keep coming. hsbc targeted bay justice department witch hunt over a few minor infractions. >> hsbc admitted today that it covered up illegal transactions for burma, iran, sudan, cuba and libya. those nations were under banking sanctions because of human rights atrocities, terrorism or in iran's case, a nuclear program. >> stephen: big deal. [ laughter ] it's not like hsbc was the one enriching plutonium, they were just enriching themselves. there's just one other thing. >> it laundered more than $800 million for mexican drug cartels. >> hundreds of thousands of u.s. dollars daily deposited to hsbc mexico using boxes specially made to fit through tellers windows to speed transactions. >> stephen: okay, but how was hsbc supposed to know the big specially made boxes the cartels were dropping off were full of drug money? they could have just as easily been filled with human heads. [ laughter ] turns out it was drug money and once they were caught, hsbc was slammed with a $1.9 billion fine. $1.9 billi
to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> we're back. political director and chief white house correspondent chuck todd will take us inside the numbers of the latest poll as you tee up the second term, chuck. >> four years ago, enormous expectations for president obama. there were a lot of people, hope and change was big. this time, call it pragmatic hope as far as the public is concerned. as you see here, just less than 30% believe they're going to evaluate president obama with a clean fresh slate. 64% will evaluate him based on past feelings. and here, a continuation of a trend we saw throughout the first term. very similar to what ronald reagan dealt w
can see here, look at the most popular phrases. a lot of them have to do with the economy. fix the economy. create jobs. then there's stop spending. and then of course probably the most important that he will talk about tomorrow, compromise, work together. >> chuck todd, thank you very much. >>> let me bring in the rest of our roundtable here. joe scarborough is here from msnbc's "morning joe." senior adviser to obama in 2012, the re-election campaign, david axelrod. chief foreign correspondent richard engel is here, safe and sound in studio. richard, it's great to see you in person this morning. "new york times" best-selling author of "team of rivals" doris kearns goodwin. in between awards shows she's joined us. and nbc news special correspondent tom brokaw. welcome to all of you. tom, that's where we tee it up. the president, as he begins a second term, very difficult climate in washington and very real expectations. >> yes. and i was looking at those top three priorities for the american people. and they all fit into his single most difficult task, it seems to me, both conc
wasn't expecting him to give a detailed analysis of the economy today and what needs to be changed. i'm not suggesting that's not important but i was hearing him speak about lofty ideas of equality and freedom >> brown: yet he did point to some specific things as we heard in gwen's set-up >> that is true when it came to global warming or addressing the global climate change, i think we have to be willing to address these things. >> brown: trey grayson, what did you hear? >> i heard a pretty visionary, pretty articulate speech, articulate in a progressive vision for the country. i would agree with ramesh that the lack of the economy or references to the deficit in his speech was a little surprising given that that's the... probably the biggest issue of today (audio is) the fiscal cliff and everything else. and the fact that that was the number one issue on voters' minds even at the thematic level that was missing and a bit of a surprise >> brown: to stay with you, were you surprised by the emphasis on things such as gay rights or climate change, some of the specifics that he did point
in part, difference to the sluggish economy and the challenges that the nation faces and the crowds will be smaller. george h.w. bush and george w. bush won't be here. there have been pres debts where presidents in the past haven't made it. george h.w. bush just got out hospital, which is why they won't be here. mitt romney won't be here. the last time a vanquished opponent didn't show up was in 1985 for ronald reagan, and walter mondale was a no-show. that was the last time that the 20th state fell on a sunday and they had to do the monday as i rememberrial, versus another day. and back in those days, it was the coldest one on record, 7 degrees. there will be differences between the obama 2009 and 2013. four years ago, the crowd estimate was nearly 2 million people. there is a big parlor game about whether the crowd estimates on the mall are ever accurate. but nearly 2 million. now they are saying between 600- to 800,000. and there are a series of other things. and the money. four years ago, the obama administration, the obama campaign raised $53 million for the inaugural with pers
, for the war to end. host: let's hear the president speaking on the economy, social security, and medicare. caller: we the people -- [video clip] >> many barely make it. we believe that america's prosperity must rest upon the broad shoulders of a rising middle class. we know that america thrives when every person confined independence. on the wages of honest labor, liberating families from the brink of hardship. we are true to our creed, when a little girl born into bleakest poverty has the same chances to succeed as anyone else because she is an american, free and equal, not just in the eyes of god, but in our own eyes. we the people still believe that every citizen deserves a measure of security and dignity. we must make the hard choices to reduce the cost of health care and reduce the size of our deficits. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [applause] we remember the lessons of our past, years spent in poverty, the parents of a child with a disability had
month. visit choosenissan.com. road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. >>> initial estimates say the crowd at yesterday's inaugural was at least 1 million people. that's down from the 1.8 million who came out to see president obama sworn in the first time, but even so, a turnout of a million people put's obama's second inaugural at one of the biggest ever. look at that crowd. it's almost double who turned out to see george w.'s second inaugural and tops the 800,000 who saw bill clinton sworn in. before obama the previous crowd estimate record was 1.2 million who came out for lbj, lyndon johnson's inaugural back in '65. we'll be right back. in america today we're running out of a vital resource we need to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them
the american economy. the financial well-being of the american people is not leverage to be used. martha: hmmm. there you go. iowa republican congressman steve king joins me now. so those are your two options. you can either crash the american economy or you can raise the debt limit or refuse to raise the debt limit. what do you pick, congressman king? >> isn't that masterful political rhetoric coming from the president? if you listen to him talk, there is a little pause in his selection of words there, you it is choreographed and carefully chosen but the american people will be able to see through this i believe. the first problem we need to deal with, martha, the misuse of the term default that emerged in the last debt ceiling crisis in august of 2011 when used on both sides of the aisle, when we reach the point the united states didn't have anymore borrowing authority that automatically meant default. it doesn't. that was a false definition then. it is a false definition now. we have enough money to operate essential components of this government that we can go on for a very long time. this
the economy collapse. and in classic washington fashion, this is the case with the schoolhouse is on fire and rather than focusing on putting the fire out, everyone in washington runs out to use as much water. the budget deficit is the economy right now. that's the to 50 minute like that but that's the truth. i think it would be great if an organization with strength and integrity of a or b. would stand up and make the point because we're having an entire budget that is basically premised on something that is not true. >> i agree with you. we do have underlying pieces of our economy that need to get fixed. but massive change in spending and we've already cut a trillion dollars over all in spending. we've cut medicare as part of the political their act. we have to be really careful and just solving these problems by cutting spending. .. >> we do it in a way that supports families and the population that we have. >> let me just add to that. i agree with you, but unfortunately, most of the people on social security will be on fixed budgets. and so there's still a danger having out-of-pocket
can that continue? >> slightly lower, down at 180. people think it will be bad for the economy. risk assets and things like equities did to get sold. the quality still is the u.s. treasury, the u.s. government. rates fall. that is one side of it. the big question is, where is elsewhere? that will be the big question. i think just a matter of time if we do get to this point, deficits are so large, at some point you'll have to pay the price at higher borrowing costs. at some point, that will be the ultimate outcome. dagen: for does that mean? you manage municipal bonds if the democrats have their way in raising taxes even more, that is good for muni bonds? >> the day after the election, we had a tremendous rally. the perception was taxes may go off. we have to deal right new year's eve. i talked to more people of the last few days who opened that first paycheck and their reaction was, boy, that tax fight was pretty big. that is the fact in front of us. i think it is likely that president obama will, as he has in the past, copy the value of deductions. i think it will be difficult to ul
the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not at bargaining chip. >> on tuesday following a meeting that took place in the west wing, president obama surmounted a huge hurdle in the nomination of chuck hagel to be defense secretary when influential new york senator chuck schumer gave it his blessing. yesterday the president forcefully and emotionally laid out his proposals to curb gun violence and challenged americans to confront the representatives and stand up to the nra. let's listen. >> ask them what's more important, doing whatever it takes to get an "a" grade from the gun lobby that funds their campaigns or giving parents some peace of mind when they drop their child off for first grade. >> joining me is former rnc chair and msnbc contributor michael steele and democratic strategist bob shrum. shrummy, i have to start with you. it sounds like you got into the president's ear. i know you haven't, that i know of, but he's starting to charge this campaign for the second t
the economy and barack obama came on and was in a joef yell mood. >> for all of the talk we had during the campaign ofment o prt obama's ability to raise money it would be a million dollar campaign and the talk mitt romney had more corporate donors it would be a wash in cash. the president had no trouble raising enough money to get himself re-elected it is thanks in part to an incredible network he has built over the years. talk about the importance of money in this election, charles. >> he has never backed for money. in 2008 he was the first to go without the federal matching money so he could raise unlimited amounts he did and he crushed mccain in terms of the fundraising. he is commuting with the 53 percent his way of reaching to try to bring us all together after a campaign where he ran into 47 percent. it is a night where they are just having a good time. i wouldn't take any of it too seriously. it is a minor bit. you have to give him a pass on inauguration. he's having a good time and this is the money essentially to fund all of the festivities he which he won fair and square. >>
on the economy. on the economy. his speech was supposed to be uplifting. republicans feel like for them to help steer the economy in the right direction, you have to get bending under control. with democrats, when they want to push jobs, it involves more stimulus spending. the two sides clash. they have never been able to pass some bills because it included stimulus that democrats wanted to pass. republicans want to get the economy going in the right direction and reduced spending. reduced federal regulations. repeal parts of obamacare. this is what job creation is about. that is part of the reason why congress is not passed these measures is because the two sides have opposite views on what it would take to create new jobs in america. that will continue. caller: i am calling in about the abortion and gay -- ia am fr contraceptives and they read killed -- date rape pills. as far as what it says in the bible, yes, it is against it. it says judge not lest you be judged. as far as the gay people go, i do not know anybody gay but i am for the rights of the gays because there are so many out there.
a great deal of work to be done on the economy and a great many other things. nora o'donnell, the co-anchor of "cbs this morning" is down on the national mall and she has insight on what the president is looking to in a second term. >> that's right. on a day like this when most americans have expressed their frustration with washington, political leaders, this is day that we see hundreds of thousands of americans turn out to witness this piece of history. every second-term president since dwight eisenhower has had to deal with an opposition party in congress. that's nothing new that president obama is facing in this second term. but he's going to try and capture i think some of the magic of bipartisanship on a day like today. trying to put it in a bottle. because he really has a very ambitious agenda for his second term. we have heard him talk about it. gun safety, immigration reform. deficit reduction and those looming spending cuts that are a part of the sequestration. so that's lot before the president. but as major has noted this is a speech today that's not about specifics, but
republicans, who want to tie the debt ceiling to cutting spending and obama says blow up the economy and risk the full faith and credit of the united states and to do so is irresponsible, the consequences of not paying our bill would be disastrous. the charges went on and on and on and made it sound like only an anarchist would oppose raising the debt ceiling. listen to this: . >> what i will not do is to have that negotiation with a gun at the head of the american people, the threat that unless we get our way, unless you gut medicare or medicaid or otherwise slash things that the american people don't believe should be slashed, that we're going to threaten to wreck the entire economy. look, i don't think anybody would consider my position unreasonable here. democrats don't like voting for the debt ceiling when the republican's president, but you never saw the situation in which democrats suggested somehow that we would go ahead and default if we didn't get 100% of our way, that's just not how it's supposed to work. >> sean: hearing that i can't help, but be reminded of obama's record on the
is working very past to become an information economy without being an information society. they want to be a 21st century economy with a 20th century political system and we saw that right after we put the report out you suddenly had these demonstration i assure you we had no part in against censorship in china and one of the first major decisions made was the new prident was to gt out there and say the chinese communist party will not tolerate unorthodox situate in the press or in the media .. >> but i mean that is the fear it would undermine the power of the communist party. >> that's right. >> that was always the fear. >> and i think in an environment where you have hundreds of millions of chinese on twitter, that increasingly are learning their government officials are worth billions of dollars. >> rose: basically you are saying their fear is legitimate. >> i think their fear is legitimate, i don't think the country is going to fall apart. >> rose: butery rong protesmoveme that has legs could provide a challenge over -- >> that's right. and they are so unwilling to risk that, the
Search Results 0 to 49 of about 93 (some duplicates have been removed)